(VOVWORLD) - After Brazil and Argentina, Bolivia has become the latest South American country to use the Chinese yuan instead of the US dollar in import and export trade payments
(VOVworld) – The International Monetary Fund has decided to include the Chinese Yuan in the Special Drawing Rights basket (SDR). The Yuan has become the 5th currency in SDR together with the US dollar,...
(VOVworld)- The biggest 3-day devaluation of Chinese yuan since the establishment of the modern forex system in 1994 has shocked regional and global financial markets. The reasons behind...
(VOVworld) – The People’s Bank of China, China’s central bank, devalued the renminbi by 2 percent, the biggest change in the past 3 years
(VOVworld) – US President Barack Obama and Chinese President Xi Jin-ping pledged to improve co-operative ties and settle disputes during a telephone call on Tuesday
(VOVworld) – US Secretary to the Treasury Jacob Lew has urged China to hasten the process of the liberalisation of its currency Renminbi ahead of the two countries' economic conference next...